Deputy Prime Minister and Minister of Presidential Affairs, Sheikh Mansour bin Zayed, has been appointed as chairman of the Central Bank of the UAE. Ryan Carter / The National
Deputy Prime Minister and Minister of Presidential Affairs, Sheikh Mansour bin Zayed, has been appointed as chairman of the Central Bank of the UAE. Ryan Carter / The National

Banking

Central Bank of UAE introduces new overnight deposit facility for conventional banks

The move will allow lenders to deposit excess liquidity with the central bank on an overnight basis

Sarmad Khan
Sarmad Khan

July 06, 2020